“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading… I know this will sound like a cliché, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.”  Victor Sperandeo

​“Throughout my financial career, I have continually witnessed examples of other people that I have known being ruined by a failure to respect risk. If you don’t take a hard look at risk, it will take you.”  Larry Hite

“When I get hurt in the market, I get the hell out. It doesn’t matter at all where the market is trading. I just get out, because I believe that once you’re hurt in the market, your decisions are going to be far less objective than they are when you’re doing well… If you stick around when the market is severely against you, sooner or later they are going to carry you out.”  Randy McKay

 “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.”  William O’Neil

"I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over."   Warren Buffett